FRIDAY, March 29, 2024
nationthailand

IATA REPORT  Airline financial  results weakening

IATA REPORT  Airline financial  results weakening

The latest financial results from the airline industry for Q1 2019 show net post-tax profits weakened compared to the same quarter a year ago, according to the latest IATA reported yesterday.

 


 The outcome is mixed at the regional level. While there was an improvement in Asia Pacific and North America regions, Europe and Latin America in aggregate posted negative bottom-line results.
Global airline share prices fell sharply in May, indicating that forward-looking equity investors expect tougher financial conditions ahead. The performance-of-airline index has been diverging from global equity markets since the beginning of this year due to the concerns regarding airline profitability stemming from rising risks such as Brexit and US-China trade war, the reported said.
 Annual growth in industry-wide revenue passenger kilometres recovered to 4.3 per cent in April, up from 3.1 per cent in March. On the other hand, freight volumes were lower, falling by 4.7 per cent compared to a year ago, IATA said.
 

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